State Program Performance Data

State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of April 30, 2022)

Program Performance Indicators, Monthly Percent Change
(as of April 30, 2022)

3/31/22 4/30/22 Percent Change 3/31/22-4/30/22
Total Assets $204,725,602 $204,517,022 -0.1%
Total Funded Accounts 243,394 251,671 3.4%
Total Withdrawals $30,065,635 $33,500,306 11.4%
Accounts with Withdrawals  

40,689

 

43,245

6.3%
Average Deferral Rate 5.12% 5.11%
Average Monthly Contribution Amount $164  

$164

0.0%
Average Funded Account Balance  

$841

 

$813

-3.4%
Effective Opt Out Rates 31.01% 31.83%
Total Registered Employers  

38,215

 

43,498

13.8%
Total Added Employee Data  

24,133

 

29,011

20.2%
Total Submitting Payroll Deductions  

9,635

 

10,726

11.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of April 30, 2022)

Program Performance Indicators, Monthly Percent Change 
(as of April 30, 2022)

3/31/22 4/30/22 Percent Change

3/31/22-4/30/22 

Total Assets $87,253,470 $83,579,968 -4.21%
Total Funded Accounts 102,664 103,626 0.94%
Total Withdrawals $19,105,041 $20,196,059 5.71%
Accounts with Withdrawals 22,995 23,570 2.5%
Average Deferral Rate 5.58% 5.58%
Average Monthly Contribution Amount $129.72 $131.39 1.29%
Average Funded Account Balance $849.89 $806.55 -5.1%
Effective Opt Out Rates 32.97% 32.93%
Total Registered Employers 6,414 6,429 0.23%
Total Added Employee Data 4,349 4,364 0.34%
Total Submitting Payroll Deductions 3,077 3,088 0.36%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of March 31, 2022)

Program Performance Indicators, Monthly Percent Change 
(as of March 31, 2022)

  2/28/22 3/31/22 Percent Change  2/28/22-3/31/22
Total Assets $148,076,981 $153,896,905 3.93%
Total Funded Accounts 114,361 114,844 0.42%
Total Withdrawals $43,905,154 $46,496,605 5.90%
Accounts with Withdrawals 22,503 23,863 6.04%
Average Deferral Rate 6.3% 6.3% 0%
Average Monthly Contribution Amount $158 $171 7.59%
Average Funded Account Balance $1,295 $1,340 3.47%
Effective Opt Out Rates *N/A

 

*N/A

 

*N/A
Total Registered Employers  

17,000

 

16,984

 

-0.09%

Total Added Employee Data 14,950 14,959 0.06%
Total Submitting Payroll Deductions *N/A *N/A *N/A
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves. Due to the recordkeeping transition in Oregon during November 2021, some statistics are not available and have been marked N/A

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of March 31, 2022)

Program Performance Indicators
Monthly Percent Change
(as of March 31, 2022)

2/28/22 3/31/22  Percent Change 2/28/22-3/31/22
Total Assets $418,702,743 $445,875,977 6.5%
Total Funded Accounts 449,793 460,902 2.5%
Total Registered Employers 53,814 61,613 14.5%
Total Added Employee Data 39,169 43,441 10.9%
Total Submitting Payroll Deductions *N/A *N/A *N/A
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

*Due to the recordkeeping transition in Oregon during November 2021, some statistics are not available and have been marked N/A

Massachusetts
Key Program Metrics Snapshot
(as of March 31, 2022)

Washington
Key Program Metrics Snapshot
(as of June 2020)

Quarterly State Program Performance Data & Trends

3/31/21 9/30/21 Percent Change 3/31/21-9/30/21 12/31/21 3/31/22 Percent Change 12/31/21-3/31/22 Percent Change

3/31/21-3/31/22

Total Assets $54,756,572 $126,145,383 130.37% $173,022,007 $204,725,602 18.32% 273.88%
Total Funded Accounts 128,818 193,622 50.31% 217,892 243,394 11.70% 88.94%
Total Withdrawals $4,920,093 $13,720,246 178.86% $20,493,838 $30,065,635 46.71% 511.08%
Accounts with Withdrawals 14,190 26,579 87.31% 32,923 40,689 23.59% 186.74%
Average Deferral Rate 5.11% 5.02% 5.02% 5.12%
Average Monthly Contribution Amount $135.17 $143 5.79% $150 $164 9.33% 21.33%
Average Funded Account Balance $425.07 $652 53.39% $794 $841 5.92% 97.85%
Effective Opt Out Rates 29.25% 29.70% 29.74% 31.01%
Total Registered Employers 9,957 14,413 44.75% 23,203 38,215 64.70% 283.80%
Total Added Employee Data 6,349 10,183 60.39% 15,008 24,133 60.80% 280.11%
Total Submitting Payroll Deductions 3,280 5,929 80.76% 7,059 9,635 36.49% 193.75%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.
3/31/21 9/30/21 Percent Change 3/31/21-9/30/21 12/31/21 3/31/22 Percent Change 12/31/21-3/31/22 Percent Change

3/31/21-3/31/22

Total Assets $55,672,562 $73,682,992 32.35% $84,871,970 $87,253,470 2.81% 56.73%
Total Funded Accounts 85,355 94,326 10.51% 99,082 102,664 3.62% 20.28%
Total Withdrawals $8,267,115 $12,700,792 53.63% $15,539,645 $19,105,042 22.94% 131.10%
Accounts with Withdrawals 15,953 18,984 19.00% 20,796 22,995 10.57% 44.14%
Average Deferral Rate 5.03% 5.05% 5.05% 5.58%
Average Monthly Contribution Amount $103.11 $112.96 9.55% $118.19 $129.72 9.76% 25.81%
Average Funded Account Balance $652.25 $781.15 19.76% $856.58 $849.89 -0.78% 30.30%
Effective Opt Out Rates 35.08% 33.55% 33.30% 32.97%
Total Registered Employers 6,100 6,178 1.28% 6,408 6,414 0.09% 5.15%
Total Added Employee Data 4,017 4,120 2.56% 4,315 4,349 0.79% 8.26%
Total Submitting Payroll Deductions 2,806 2,868 2.21%    2,973 3,077 3.50% 9.66%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.
3/31/21 9/30/21 Percent Change 3/31/21-9/30/21 12/31/21 3/31/22 Percent Change 12/31/21-3/31/22 Percent Change

3/31/21-3/31/22

Total Assets $99,147,494 $133,535,002 34.68% $150,010,539 $153,896,905 2.59% 55.22%
Total Funded Accounts 104,709 112,674 7.61% 112,689 114,844 1.91% 9.68%
Total Withdrawals $24,724,830 $33,942,132 37.28% $39,274,450 $46,496,605 18.39% 88.06%
Accounts with Withdrawals 22,219 26,496 19.25% 20,314 23,863 17.47% 7.40%
Average Deferral Rate 5.60% 5.50% 5.60% 6.30%
Average Monthly Contribution Amount $139 $143 2.88% $166 $171 3.01% 23.02%
Average Funded Account Balance $947 $1,185 25.13% $1,331 $1,340 0.68% 41.50%
Effective Opt Out Rates 32.60% 32.00% *N/A *N/A *N/A *N/A
Total Registered Employers 16,940 17,021 0.48% 17,025 16,984 -0.24% 0.26%
Total Added Employee Data 14,606 14,889 1.94% 14,931 14,959 0.19% 2.42%
Total Submitting Payroll Deductions 7,291 7,677 5.29% *N/A *N/A *N/A *N/A
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from  OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

Download full chart (PDF)

3/31/21 9/30/21 Percent Change 3/31/21-9/30/21 12/31/21 3/31/22 Percent Change 12/31/21-3/31/22 Percent Change

3/31/21-3/31/22

Total Assets $209,576,628 $333,363,377 59.07% $407,904,516 $445,875,977 9.31% 112.75%
Total Funded Accounts 318,882 400,622 25.63% 429,663 460,902 7.27% 44.54%
Total Registered Employers 32,997 37,612 13.99% 46,636 61,613 32.11% 86.72%
Total Added Employee Data 24,972 29,192 16.90% 34,254 43,441 26.82% 73.96%
Total Submitting Payroll Deductions 13,377 16,474 23.15% 10,032*
CA and IL only
12,712*
CA and IL only
*N/A *N/A
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Semi-Annual and Annual State Program Performance Metrics (CA, IL, and OR)

3/31/21 9/30/2021 Percent Change 9/30/21-3/31/21 3/31/22 Percent Change 9/30/21-3/31/22 Percent Change 3/31/21-3/31/22
Total Assets $209,576,628 $333,363,377 59.07% $445,875,977 33.75% 112.75%
Total Funded Accounts 318,882 400,622 25.63% 460,902 15.05% 44.54%
Total Registered Employers 32,997 37,612 13.99% 61,613 63.81% 86.72%
Total Added Employee Data 24,972 29,192 16.90% 43,441 48.81% 73.96%
Total Submitting Payroll Deductions 13,377 16,474 23.15% 12,712*
CA and IL only
*N/A *N/A

Annual State Program Performance Data & Trends

Individual State Program Performance Data, December 2020-December 2021

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)